(U18) Holds Above Congested............>

SCHATZ TECHS: (U18) Holds Above Congested 111.910-111.880 Support

*RES 4: 112.150 Initial pullback low May 29, now resistance

*RES 3: 112.120 May 31 high

*RES 2: 112.060 Jun 5 high

*RES 1: 112.030 Jun 1 high

*PRICE: 112.030 @0810GMT

*SUP 1: 111.940/960 Hourly support

*SUP 2: 111.910 May 23 high, Jun 7 low

*SUP 3: 111.900 1.618 swing of 112.960-112.060

*SUP 4: 111.880/890 76.4% of 111.710-112.420, May 21 high

*COMMENTARY* The 111.960-111.940 support finally gave way late on Wednesday,

which saw the focus switch to the congested 111.910-111.880 area. The fall was

held at 111.910 yesterday and as a consequence, became oversold in the near

term. Back above 111.960-111.970 helps but the 112.030-112.060 region is a

tougher proposition higher. In the meantime, 111.960-111.940 reverts to support

and protection against another move lower.